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. >> you have tax, you have depreciation, you have all sorts of problems but i get your point. they're thinking they're getting a free ride on a cheap property market. but what i would like to see just to argue that there will be a sustained housing recovery is see it by income and purchasing. >>> we look at the markets, lloyds a pop of 4% in the stock today. that included cpi, mid selling off of payment protection insurance. along with other banks. let's get out to a sales trader. will, give us a view on lloyds. the market seems to be responding positively. >> you have the underlying story and then what they refer to as legacy issues. we were given a heads up a few weeks ago when it was barclays upset ppi and that gave investors a little bit ahead of lloyds and other bank earnings. and as a result, i think that's why we're seeing this move up. >> also interesting down 1.35 billion pounds. the market was expecting around 1.5 billion pounds. this has to be a positive in the credit cycle here in the uk. >> indeed. and this is the main point of the positive lloyds numbers. it's an
. >> you have tax, you have depreciation, you have all sorts of problems but i get your point. they're thinking they're getting a free ride on a cheap property market. but what i would like to see just to argue that there will be a sustained housing recovery is see it by income and purchasing. >>> we look at the markets, lloyds a pop of 4% in the stock today. that included cpi, mid selling off of payment protection insurance. along with other banks. let's get out to a sales...
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Nov 1, 2012
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you would think people are starting to think about taking profits for tax purposes. >> i don't think it's solely that, but i think that's adding a little fuel to the fire. that may be the reason behind the extra strength today. >> and you got bob benmosche coming up, maria. >> yes, he's going to talk not only about the devastation as a result of sandy, but what his business is looking like, what he's expecting in the next quarter and the quarter to follow. of course, we've seen him trying to continue to tell the story of the government getting out of aig and certainly that has had real implications. looking forward to that. in terms of this market, bill, it's all about the jobs report tomorrow. then you have the election. warren, what about that? what's the betting on the floor in terms of the election? >> to be honest, i think the reaction you're going to get regardless of the outcome is going to be very similar. i think people have come to realize the job is maybe bigger than the individual man. until one side or the other can show they can get the parties to work together, i think
you would think people are starting to think about taking profits for tax purposes. >> i don't think it's solely that, but i think that's adding a little fuel to the fire. that may be the reason behind the extra strength today. >> and you got bob benmosche coming up, maria. >> yes, he's going to talk not only about the devastation as a result of sandy, but what his business is looking like, what he's expecting in the next quarter and the quarter to follow. of course, we've...
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what will our taxes be next year? how are we going to make some plans for our business or personal finances? it's that uncertainty that's going to, i think, have adverse effects for the economy. >> okay. that makes a lot of sense. michael jones, how do you want to invest here with all this? >> i think there are times when the market is really simple. don't fight the fed. you certainly don't want to fight the fed when they've got the ecb, the bank of japan, the people's bank of china, and virtually every other central bank on their side. you've had unprecedentedly aggressive monetary stimulus. we have open-ended commitments to continuing that stimulus. that's a tail wind that i think investors ignore at their peril. the only things holding the market back are some uncertainties of the fiscal cliff, over what kind of terms will be imposed on spain to receive bailouts. if you resolve those uncertainties in a little bit more positive light than the prior speaker was suggesting, and i think he will, then i think you're goi
what will our taxes be next year? how are we going to make some plans for our business or personal finances? it's that uncertainty that's going to, i think, have adverse effects for the economy. >> okay. that makes a lot of sense. michael jones, how do you want to invest here with all this? >> i think there are times when the market is really simple. don't fight the fed. you certainly don't want to fight the fed when they've got the ecb, the bank of japan, the people's bank of...
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tax policy, if you talk to any tax expert, really what you need are not temporary tax cuts, because no investor, no businessperson makes decisions based on the next few months, but you need a permanency and certainty. >> we will have certainty no matter what, though, right? when we get through the election, hopefully we have an answer to the fiscal cliff no matter what happens. >> i've actually full confidence if mitt romney gets elected and what i can't understand is anybody who thinks that the president, who said no to bowles-simpson, did nothing vis-a-vis the fiscal cliff, asked for a clean bill attached to the debt ceiling, how anybody thinks he can show some leadership and get that done when he's had four years to do it, i don't understand the logic. >> and he was the man that actually authorized and pushes bowles-simpson and then did nothing with it. >> you don't see romney embracing bowles-simpson at the moment either? >> i don't think he's embracing that but i think something similar to bowles-simpson. >> we'll talk more about this. julian and emil will be with us for the rest
tax policy, if you talk to any tax expert, really what you need are not temporary tax cuts, because no investor, no businessperson makes decisions based on the next few months, but you need a permanency and certainty. >> we will have certainty no matter what, though, right? when we get through the election, hopefully we have an answer to the fiscal cliff no matter what happens. >> i've actually full confidence if mitt romney gets elected and what i can't understand is anybody who...
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what about tax hikes, fiscal cliff risk. what do you do here? we're in november. we don't have much time. how do you play this? >> with election risk, which i think is big. that's going to be a certainty a week from today. and i'm not ready to call the gop and conservatives a win. i think it's getting close. and if it does, remember that banks might be a nice play because there will be less sabre rattling. they won't be using political football as much. i like the home builder as well. i like the stock market. i think things are going to be solved sooner than later. >> final word, mr. la camp. >> well, i agree. if the republicans win, if mitt romney wins, there's going to be some optimism, enthusiasm, maybe a quicker fix to the fiscal cliff, and we have a rally that could last through january. but then we've got longer term problems that he can't fix overnight, and then the market is going to run into some new headwinds. >> thank you to the two jims. >>> coming up, this storm could have a huge impact on the presidential election. you might be surprised at which ca
what about tax hikes, fiscal cliff risk. what do you do here? we're in november. we don't have much time. how do you play this? >> with election risk, which i think is big. that's going to be a certainty a week from today. and i'm not ready to call the gop and conservatives a win. i think it's getting close. and if it does, remember that banks might be a nice play because there will be less sabre rattling. they won't be using political football as much. i like the home builder as well. i...
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tax policy, fiscal policy is a big question mark in people's minds. so i think that the biased long-term between the months of november and the end of year, it's probably downward as we adjust to the out of the money risks that we're facing right now. >> because between the fiscal cliff -- how big an issue is the tax policy? meaning do you sell now try to take advantage of where we are? >> our debt to gdp right now is 100%. and we're growing that at about 8% per year. if we don't do something to close the gap between what we make and what we spend, we know that we're on a path of unsustainability. right now the gang of eight and the presidency, everybody that's looking at this problem has to make some pretty dramatic moves pretty quickly to avoid what will otherwise be a hard landing if these bush tax cuts do expire without being addressed. >> i know we're making a lot of the storm because we are in the midst of the storm itself here. are there any investments one way or the other as a result of the storm that you will be making or taking off the tabl
tax policy, fiscal policy is a big question mark in people's minds. so i think that the biased long-term between the months of november and the end of year, it's probably downward as we adjust to the out of the money risks that we're facing right now. >> because between the fiscal cliff -- how big an issue is the tax policy? meaning do you sell now try to take advantage of where we are? >> our debt to gdp right now is 100%. and we're growing that at about 8% per year. if we don't do...
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pre-tax figures down 23% to just above one billion pounds. mainly related to charges for missed payment protection policies. revenues below estimates at 6.8 billion pounds. the bank says as well the department of justice and securities and exchange commission have launched two probes into the third party relationship the barclays may have used to win or retain business in the united states. >> staying with financials, the days of 20% profit growth for china's big four banks may be a thing of the past. new estimates show growth could rise by as little as 5% this year as the central bank's mid year rate cuts kick in. smaller lenders could get hit even larger as interest margins shrink. a consortium has decided to walk away after iron ore spurned its $1.2 billion offer. it's giving up further talks after the company called their bid opportunistic. >>> sci-fi nerds did get darth vader and princess leia costumes out. i don't know what i just said. disney is buying lucas films. they're buying it for $4 billion in cash and stock. george lucas will b
pre-tax figures down 23% to just above one billion pounds. mainly related to charges for missed payment protection policies. revenues below estimates at 6.8 billion pounds. the bank says as well the department of justice and securities and exchange commission have launched two probes into the third party relationship the barclays may have used to win or retain business in the united states. >> staying with financials, the days of 20% profit growth for china's big four banks may be a thing...
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i wondered off camera to jim whether he's motivated by changes in the tax code. i have to imagine the capital gains in lucas films is a significant one if it goes from 15 to 25. i would assume they'll get this deal closed before the end of the year. i don't know. just another thing to keep in mind. amazing deal for disney. >> one thing that he has done, he's a true visionary in that he says this is a brand. think about the brand. it's on the shelf. they keep coming up with it. they do it differently. "star wars" and then they go to theme parks and they develop a new theme park which is another reason to go to theme park. >> consumer products. television. barclays says there's no company that is better at monetizing its ip and rolling through disney ecosystem. >> new york city mayor mike bloomberg making his way across the street near the exchange as he comes into the exchange to ring the opening bell on this first day of trading since last friday. there you see new york city mayor bloomberg coming in. >> interesting tweets coming back and forth about antitrust. m
i wondered off camera to jim whether he's motivated by changes in the tax code. i have to imagine the capital gains in lucas films is a significant one if it goes from 15 to 25. i would assume they'll get this deal closed before the end of the year. i don't know. just another thing to keep in mind. amazing deal for disney. >> one thing that he has done, he's a true visionary in that he says this is a brand. think about the brand. it's on the shelf. they keep coming up with it. they do it...
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tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >>> welcome back to our special and continuing coverage of hurricane sandy. as you know, the stock exchanges, new york stock exchange, nasdaq are closed today. we are, of course, still in the middle of earnings seasons. many companies postponed earnings report. we're seei ining anadarko earni popped a bit early. 84 cents versus 76 cents adjusted. it's a beat there on earnings per share. as we've seen so often during this earnings season, the revenue number coming in a little bit light. actual number $3.33 billion versus an estimate of 3.40. i think it's, you know, 63 or so percent of companies that have reported thus far have missed on the revenue side. so you can add anadarko to that list. mike murphy, you have a comment on anadarko as we were just com
tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >>> welcome back to our special and continuing coverage of hurricane sandy. as you know, the stock exchanges, new york stock exchange, nasdaq are closed today. we are, of...
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higher capital gains taxes. higher dividend tax rates. all things that are antithetical to the stock market. are they not? >> absolutely true. and, you know, lately in the last few months we've seen the unemployment rate in some of the key states that republicans need to hold like maine, they've gone up. that's going in the wrong direction. i don't know to what extent they hold the current senator responsible for that. certainly it creates a sense of discomfort with the incumbents and possibility of change there. so, you know, those odds have really changed and that's just a huge big deal for next year. the markets do not like a divided congress and we've got so much at stake in the lame duck session, it's a major issue for the markets and one clearly i think investors are voting with their feet and getting out of the way. >> jeff, why did gold crash today? >> you know, it had to do with the dollar going up. had gold down, silver down, oil down, copper down. they were all down. i think the dollar went up on a little bit of the safe haven
higher capital gains taxes. higher dividend tax rates. all things that are antithetical to the stock market. are they not? >> absolutely true. and, you know, lately in the last few months we've seen the unemployment rate in some of the key states that republicans need to hold like maine, they've gone up. that's going in the wrong direction. i don't know to what extent they hold the current senator responsible for that. certainly it creates a sense of discomfort with the incumbents and...
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they won't be hit by a $2,000 tax increase. that's why the president wants to provide funds for state and local governments to keep teachers on the job, and that's why the president has been pursuing legislation and working on his own to help families refinance their homes. we're seeing stabilization in the housing markets nationwide which is reflected in these numbers. we saw construction growing, for example. >> alan, we have to talk about hurricane sandy and the impact on the economy. there are so many firms out there, catastrophe modeling firms, economic firms that have doubled and increased their estimates for economic as well as insured losses. as the situation unfolds, what is most concerning because there aren't any models, no examples of past disaster hitting such a densely populated area as the northeast, less than our benchmark. >> well, melissa, first we have to view this as a human tragedy. there will be time to think about the economic damage. i should say i was born and raised in new jersey. i taught at princeton
they won't be hit by a $2,000 tax increase. that's why the president wants to provide funds for state and local governments to keep teachers on the job, and that's why the president has been pursuing legislation and working on his own to help families refinance their homes. we're seeing stabilization in the housing markets nationwide which is reflected in these numbers. we saw construction growing, for example. >> alan, we have to talk about hurricane sandy and the impact on the economy....
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matter for lots of things, including fiscal -- the fiscal cliff and also attitudes to many aspects of tax licy environment, energy and the like. so the world's a risky place and this is a time of heightened uncertainty. now we talk to clients, we do surveys and our own analysts and they say the material drag on demand looking forward already this year. we think that's why we're a little bit below trend in overall demand growth. and the reality is, any way you slice it there will be some fiscal consolidation in the first half of next year. >> i think it is critical that you get business back on-board. one of the interesting things has been the consumer seems to be holding in there the retail sales numbers have been a lit better, consumer sentiment numbers have been a little better. business equipment and spending numbers haven't. if you can get both those cylinders firing, you could start inching away at the unemployment rate. >> vince, is your baseline hypothesis that something gets done either right before the close of the year or right after the start of the year, no matter who wins, to
matter for lots of things, including fiscal -- the fiscal cliff and also attitudes to many aspects of tax licy environment, energy and the like. so the world's a risky place and this is a time of heightened uncertainty. now we talk to clients, we do surveys and our own analysts and they say the material drag on demand looking forward already this year. we think that's why we're a little bit below trend in overall demand growth. and the reality is, any way you slice it there will be some fiscal...
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expecting 30 cents last week, ford said they expected to beat that. 40 cents per share, 2.2 billion pre-tax. couple numbers, revenue 30.2 billion dollars a hair under what the street was expecting at $30.9 billion. the strength for ford and why they finished better than expected north america. you look at north america $2.3 billion is what ford earned in north america in the third quarter, profit margin highest of any quarter in the company's history in north america, 12% overall profit margin at 6.3%. coming up on "power lunch" we'll talk with cfo bob shanks about the impact this storm has had on the dealerships and the auto industry in the new york area. >> they beat in the earnings by ten cents, higher than expected, the revenue light. is it all about the profit margins in north america, that's where they made up that ground? >> north america is what really drove it, becky, and they had a strong finish to the quarter. i asked what are you seeing with the strength in north america? $300 million more in volume, $400 million more in terms of pricing and cost contributions including $400 mil
expecting 30 cents last week, ford said they expected to beat that. 40 cents per share, 2.2 billion pre-tax. couple numbers, revenue 30.2 billion dollars a hair under what the street was expecting at $30.9 billion. the strength for ford and why they finished better than expected north america. you look at north america $2.3 billion is what ford earned in north america in the third quarter, profit margin highest of any quarter in the company's history in north america, 12% overall profit margin...
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. >> i think the tax city probably stopped and looked at that sweater and said this guy has cash. this guy has money and -- >> the first four cabs must have thought i didn't because they went right by me. i'd say i'm going to jersey just across the bridge and they would say nope. >> i had a suit on. >> no, but this -- this is not just a sweater. that's like an $800 number or -- >> no. >> i know fashion, too, i just can't afford it. anyway, theres. >> thank you, guy. we appreciate it. >> thank you. >> some don't have zippers on them. >> time for the global markets report. kelly evans is standing by and london. kelly, what have you got today? >> as you've been discussing, the johns report, basically traders are on hold waiting for that release anne frankly, it's not even the jobs report today, it's the election tuesday. it's a lot of the eurozone meetings coming up which really have their attention and has people a little bit nervous about making big news. so europe stoxx 600 up about 0.2%. quick look at the major bourses. you'll see they're actually for the most part to the down si
. >> i think the tax city probably stopped and looked at that sweater and said this guy has cash. this guy has money and -- >> the first four cabs must have thought i didn't because they went right by me. i'd say i'm going to jersey just across the bridge and they would say nope. >> i had a suit on. >> no, but this -- this is not just a sweater. that's like an $800 number or -- >> no. >> i know fashion, too, i just can't afford it. anyway, theres. >>...
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thinking you are such a great business reporter, you know, what i really want to know is what is on the tax returns that mitt romney won't show us? i think that's what america wants to know. >> if i may have the last word, the
thinking you are such a great business reporter, you know, what i really want to know is what is on the tax returns that mitt romney won't show us? i think that's what america wants to know. >> if i may have the last word, the
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he will tell you about the tax returns on friday. thank you, ali and michael.
he will tell you about the tax returns on friday. thank you, ali and michael.
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you are such a great business reporter, you know, what i really want to know this week, what's on the tax returns that mitt romney won't show us? that's what america wants to know. what's he hiding? >> the great thing is that ali velshi will tell us on that as well. and he is outstandingly courageous. we have to go. we're running late. >> if you don't like it here, come work for me. >> that is worse than standing in the water in atlantic city. >> that's true. >>> piers, thank you very much. good evening 10:00 on the east coast. hoboken, new jersey, the fallout from sandy, still coming. new york governor andrew cuomo expecting to be briefing the media shortly. we'll bring you late-breaking details. the national guard is out in force in hoboken, across the river, a long line of ambulances, outside another big manhattan hospital, bellevue, right now, evacuating patients. 700 patients in all, this will be going on all night long after a day of running the generator, the rooftop generator with buckets of fuel from the basement, passed hand to hand up 13 flights of stairs if you can imagine. th
you are such a great business reporter, you know, what i really want to know this week, what's on the tax returns that mitt romney won't show us? that's what america wants to know. what's he hiding? >> the great thing is that ali velshi will tell us on that as well. and he is outstandingly courageous. we have to go. we're running late. >> if you don't like it here, come work for me. >> that is worse than standing in the water in atlantic city. >> that's true....
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we cut taxes. we made jobs our number one focus which is why we're one of the number one places to do business, number one place for jobs, but, again, just like governor kasich and the folks here, we need a president who will work with us, not work against us, and that's exactly -- we can't afford all the taxes from obama care, from the president wants to increase taxes at the same time in virginia. he's going to cut up to 200,000 defense jobs which in virginia are a key thing, not just for our national security, but a key thing for our economy. >> let's stick to taxes. let's stick to taxes here because one of the center pieces of romney's economic plan is the tax rate change, including for the wealthier, the job creators, but a recent report from the non-partisan congressional research service found no correlation between the cuts in the top tax rates and economic growth. congressional republicans railed against this report, as you're aware and under pressure the crs actually with drew it. now on
we cut taxes. we made jobs our number one focus which is why we're one of the number one places to do business, number one place for jobs, but, again, just like governor kasich and the folks here, we need a president who will work with us, not work against us, and that's exactly -- we can't afford all the taxes from obama care, from the president wants to increase taxes at the same time in virginia. he's going to cut up to 200,000 defense jobs which in virginia are a key thing, not just for our...
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tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >>> sad news. the u.s. death toll from superstorm sandy jumped today by at least 20 people. 81 deaths are now blamed on the mrooding, the accidents, the devastating wind that all came with this superstorm. also in 15 states in d.c. more than four million households still with no power. want to get to bellmawr, new jersey, not far from asbury park. jim clancy is there. jim, you talked to the mayor of bellmawr. how are things going? >> reporter: i'm just looking right now. amazing scene as front loaders are dumping sand, taking away from the residents' homes and taking it to the beach where it used to be, working on this, and i'm talking about dozens of trucks, dozens of bulldozers in order to push the sand back to try to reclaim her city and its famous b
tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >>> sad news. the u.s. death toll from superstorm sandy jumped today by at least 20 people. 81 deaths are now blamed on the mrooding, the accidents, the devastating wind...
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. >> does raising taxes put people to work? >> no! >> does his avalanche of new regulations help small business? >> no! >> well, you got it right. almost every measure he took hurt the economy. and it hurt our fellow americans, 23 million americans are struggling to find a good job. one in six are poor in america today, and the middle class, even those that have a job, the middle class is being squeezed with lower take-home pay and higher costs for insurance and gasoline and for food and clothes. i spoke yesterday with a wife of a 60-year-old man in the prime of his life, of course. you and i agree, don't we, yeah. he said that he has been working as a welder at a company for 40 years, but he just got laid off. he asked what i cou he asked what i could do to help. he made one thing very clear. he doesn't want a government check, he wants a job. the government is not the answer. more good jobs, that's the answer! >> you've been listening to mitt romney there in cleveland, ohio stumping tore votes there. we're going to get the strategy
. >> does raising taxes put people to work? >> no! >> does his avalanche of new regulations help small business? >> no! >> well, you got it right. almost every measure he took hurt the economy. and it hurt our fellow americans, 23 million americans are struggling to find a good job. one in six are poor in america today, and the middle class, even those that have a job, the middle class is being squeezed with lower take-home pay and higher costs for insurance and...
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senator and say, look, we have to have tax reform to be competitive. we've got to have lower energy costs and lower health care costs. we need regulatory relief and a level playing field. those are all the things that mitt romney has been talking about. not just recently, but for months in his campaign. i think what he has got is a positive proactive approach for the economy, and that's going to make a difference in ohio. not just with auto companies and other manufacturers, but with folks who are frustrated with where we are. that tends to be a difference at the end of the day, and we'll see that in polling results. >> okay. let me ask you, i don't think we're going to get anywhere on the ad truthfulness or lack thereof. let me move you to hurricane sandy and something that karl rove, which you know, was the architect of the bush campaign from the deputy white house chief of staff for george w. bush, and he said the washington post, "if you hadn't had the storm, there would have been more of a chance for the romney campaign to talk about the deficit,
senator and say, look, we have to have tax reform to be competitive. we've got to have lower energy costs and lower health care costs. we need regulatory relief and a level playing field. those are all the things that mitt romney has been talking about. not just recently, but for months in his campaign. i think what he has got is a positive proactive approach for the economy, and that's going to make a difference in ohio. not just with auto companies and other manufacturers, but with folks who...
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tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. is efficiently absorbed in small continuous amounts. citracal slow release continuously releases calcium plus d with efficient absorption in one daily dose. citracal slow release. with efficient absorption in one daily dose. ♪ ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. soothes you to sleep with ingredients like melatonin. it's safe with no side effects, so you wake up... ready to go. [ male announcer ] unisom natural nights. >>> let's go to governor cuomo following a helicopter tour that he took of the damage earlier today. let's listen. >> the assets, particular thanks to our partners in the federal governme government. president obama has been on top of this situation and
tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. is efficiently absorbed in small continuous amounts. citracal slow release continuously releases calcium plus d with efficient absorption in one daily dose. citracal slow release....
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his big issues, the economy, taxes, and education as well. and this is mitt romney voter deedee smith. well, she sent us a picture of her adorable little granddaughter, aria. thank you for that. she said she voted early because she wanted to avoid all the long lines. her issue, number one, the economy. >> you can send us your voter graph and picture of your grandkids. the address is cnn.com/earlystart. >>> it's 49 minutes past the hour. still ahead, the victims of sandy, and the sometimes razor-thin margin between life and death. you're watching "early start." a. what?! you've got to be kidding me. [ derek ] i've never seen a road like this. there's jagged rock all the way around. this is really gonna test the ats on all levels. [ derek ] this road is the most uneven surface, and it gets very narrow. magnetic ride control is going to be working hard. the shock absorbers react to the road 1,000 times a second. it keeps you firmly in control. whoa! [ male announcer ] the all-new cadillac ats. whoa! the wheels of progress. seems they haven't bee
his big issues, the economy, taxes, and education as well. and this is mitt romney voter deedee smith. well, she sent us a picture of her adorable little granddaughter, aria. thank you for that. she said she voted early because she wanted to avoid all the long lines. her issue, number one, the economy. >> you can send us your voter graph and picture of your grandkids. the address is cnn.com/earlystart. >>> it's 49 minutes past the hour. still ahead, the victims of sandy, and the...
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grover norquist, the president of the americans for tax reform. also this morning, harvard university economics and public policy professor ken rogoff will be joining us. sheila bair, the former fdic chairperson will join us. also we'll continue to update you with sandy, the aftermath there. the destruction unfortunately still being felt. millions of people without power. and gas is a huge, huge problem. people very frustrated. reporters all over the story for you this morning. >> all right. thank you, soledad. you need a bigger table this morning. there are a lot of guests on there. 43 minutes past the hour. today top fema officials and homeland security secretary janet napolitano will assess the damage on new york's staten island and they can expect an earful. new york senator chuck schumer and congressman michael grimm toured the devastation on thursday and they met with residents who pleaded for more help from the government. yesterday, the bodies of two young boys, ages 2 and 4, were found there. they were swept away from their mother's arms
grover norquist, the president of the americans for tax reform. also this morning, harvard university economics and public policy professor ken rogoff will be joining us. sheila bair, the former fdic chairperson will join us. also we'll continue to update you with sandy, the aftermath there. the destruction unfortunately still being felt. millions of people without power. and gas is a huge, huge problem. people very frustrated. reporters all over the story for you this morning. >> all...
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income tax and then real estate tax and then gasoline tax. and it was over half of what they made. and he said, think about this. you start a business, your chance of success is not even as good as 50-50. most small businesses won't make it. so it's a risky thing to do. and if you're successful, the government wants more than half what you make. so a lot of people decide not to build businesses. today we're at the lowest level of new business start-ups in 30 years. so i want to change this dynamic and make business recognize they have a friend in washington, not a foe. and i believe we do that, we do those five things and get those five done, we're going create 12 million new jobs and more take-home pay. now, by the way, the governor also mentioned something about my record as governor in terms of reaching across the aisle. recognize, to get those five things done, and to get america strong again, we have to stop the dividing and the attacking and the demonizing. we've got to reach across the aisle, bring in good democrats with good republica
income tax and then real estate tax and then gasoline tax. and it was over half of what they made. and he said, think about this. you start a business, your chance of success is not even as good as 50-50. most small businesses won't make it. so it's a risky thing to do. and if you're successful, the government wants more than half what you make. so a lot of people decide not to build businesses. today we're at the lowest level of new business start-ups in 30 years. so i want to change this...
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romney partisans quietly admit that the republican party will have to accept higher taxes but they claim only one of its own can take them there. is either scenario credible? i'm not sure. so far, obama has been more willing to compromise, though he's not blameless. maybe the republican parties could accept reality and mathematics and recognize that tact revenues will have to go up to get a budget deal. but wu thing i am sure of, unless we fix our utterly dysfunctional political system, it is only a matter of time before we will face the next cliff and that next time we will fall off and crash. for more on this you can read my column in this week's "time" magazine. let's get started. ♪ >>> in a couple of days we'll have a verdict from the american people, who we want to run this country. but what about the rest of the world? i have a great global panel from singapore, kishore mahbubani, from paris, dominique, france's great public intellectuals. in tel a viv, he's a senior correspondent and here in new york we have rula. she has both israeli and italian citizenship and she has lived an
romney partisans quietly admit that the republican party will have to accept higher taxes but they claim only one of its own can take them there. is either scenario credible? i'm not sure. so far, obama has been more willing to compromise, though he's not blameless. maybe the republican parties could accept reality and mathematics and recognize that tact revenues will have to go up to get a budget deal. but wu thing i am sure of, unless we fix our utterly dysfunctional political system, it is...
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chief among them, reaching a deal to avoid the so-called fiscal cliff, a series of tax increases and spending cuts set to take effect next year. >> the zoidecisions confronting congress over the next four months are bigger than most of us have seen in our lifetime, i think, on the fiscal will matters at least. >> reporter: athena jones,s cnn, washington. >> hurricane sandy changes the rules for election day. some voters will now cast their ballots by e-mail and fax. how d? dumb luck? or good decisions? ones i've made. ones we've all made. about marriage. children. money. about tomorrow. here's to good decisions. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the strategist's tablet. and while i make my way into the venue, the candidate will be rehearsing off of his phone. [ can
chief among them, reaching a deal to avoid the so-called fiscal cliff, a series of tax increases and spending cuts set to take effect next year. >> the zoidecisions confronting congress over the next four months are bigger than most of us have seen in our lifetime, i think, on the fiscal will matters at least. >> reporter: athena jones,s cnn, washington. >> hurricane sandy changes the rules for election day. some voters will now cast their ballots by e-mail and fax. how d?...
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tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >>> all right. take a look at this new video we're just getting in. this is the tour that the president of the united states took together with new jersey governor chris christie. you can see marine one chopper right there in the screen over there. this is from a second chopper following marine one. what the president saw you're seeing right now. there will be closer shots of what happened up and down new jersey shore when floods came in, the sand started piling up and there was severe, severe destruction. the president as you heard earlier was clearly moved by what he saw. so was the new jersey governor chris christie. they have been working in both of their words incredibly close over these past 48 to 72 hours to deal with this crisis as a result of t
tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >>> all right. take a look at this new video we're just getting in. this is the tour that the president of the united states took together with new jersey governor chris...
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tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >>> welcome back, everybody. this just in to cnn. there are reports that former penn state president graham spanier will be charged in connection with the jerry sandusky case. tim curley, and gary schultz also could face more charges. there will be a news conference with the attorney general and pennsylvania state police commissioner. i guess that news conference is happening at noon today. just a couple of minutes left for our end point this morning. that's kind of a shocker. although, many people talked about that happening. that's really interesting, i think. >> they did. graham spanier is a major public figure in public education, facing public charges. >> who wants to tackle end point? >> november 1st. we should have a couple of predictions here, r
tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >>> welcome back, everybody. this just in to cnn. there are reports that former penn state president graham spanier will be charged in connection with the jerry sandusky...
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we already saw one flyer in virginia, associated with apparently americans for tax reform, that tried to politicize the storm. so the outside groups and the outside money, you're going to see an uptick in dirty tricks in part because it is dirty money that is flowing through the election system. the candidates may try to stay out of the fray, but the outside groups will be more than willing to take off the gloves and fight hard because this is a war of attrition now, this fight is so close that it comes down to every vote. it is a game of inches. >> with the close fight, it has been days since we have looked at polls. so in the name of getting our bearings here, we have a poll today, a three-swing state, this is in new york times, cbs news an quinnipiac poll. florida, 48-47 for obama. ohio, 50-45 for obama. and finally virginia, 49-47 for obama. these three states very, very close. looking at the numbers, what do they tell you? >> reporter: they tell me, brooke, they're fascinating, in particular florida and virginia. these are the big three swing states. that's what we have been goin
we already saw one flyer in virginia, associated with apparently americans for tax reform, that tried to politicize the storm. so the outside groups and the outside money, you're going to see an uptick in dirty tricks in part because it is dirty money that is flowing through the election system. the candidates may try to stay out of the fray, but the outside groups will be more than willing to take off the gloves and fight hard because this is a war of attrition now, this fight is so close that...
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tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >>> just a few minutes left, as always we wrap it up with best advice. >> you know, we hear from dawson's creek actor james van der beek. >> best advice i've ever received is don't ever be afraid to ask for help. in fact, ask for help even if it makes you uncomfortable to ask for help. by pretending that you know everything, you're closing yourself off to the expertise and years of experience of all the people around you. and i think it's so natural to try to make it seem like you know what you're doing, and there's something to be said for swagger, for sure. but it took me awhile to realize people who ask for help get really, really good advice. >> and i have a big tree in my backyard. i was wondering if you guys could help me with that? >> don't be af
tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >>> just a few minutes left, as always we wrap it up with best advice. >> you know, we hear from dawson's creek actor james van der beek. >> best advice i've...
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tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >>> take a look at this extraordinary time lapse video showing the superstorm sandy as it slammed into new york city. look at this. you're going to see the sky grow dark, the lights go on over the city, the lights go out over lower manhattan which is still even as we speak right now suffering from widespread power failure. look at the difference between lower manhattan and midtown and the rest of manhattan. wow. people are lining up for miles and waiting for hours for very scarce supplies of gasoline. and it's happening in many places devastated by sandy. our national correspondent susan candiotti got a firsthand look. >> reporter: how long did it take you to get to the front of the line to fill up? >> i've been here since 10:30 this morning. >> reporte
tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >>> take a look at this extraordinary time lapse video showing the superstorm sandy as it slammed into new york city. look at this. you're going to see the sky grow dark,...
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he will tell you about the tax returns on friday. thank you, ali and michael. we are running late. >> i will give you a job if you don't like it here. come work for me. >>re
he will tell you about the tax returns on friday. thank you, ali and michael. we are running late. >> i will give you a job if you don't like it here. come work for me. >>re
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tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. time to experience the all-new 2013 chevrolet malibu ls, re-imagined from the ground up with 10 air bags and the reassurance of onstar, standard for six months. this is the new malibu -- already an iihs 2012 top safety pick. and now with low lease programs, a malibu state of mind has never been easier to get to, no matter what state you live in. ♪ why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. >>> welcome back, everybody. they've been calling it superstorm sandy and for goo
tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. time to experience the all-new 2013 chevrolet malibu ls, re-imagined from the ground up with 10 air bags and the reassurance of onstar, standard for six months. this is the new...
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tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >>> welcome back, everybody. you're watching continuing coverage of the aftermath of superstorm sandy. massive damage here in new york, we're going to talk more about that. first we want to talk about the damage and disaster to travel. not only here in the united states, but internationally, as well. richard quest has that for us. richard, good morning. >> soledad, this is the way it looks in the united states at the moment. the midwest traffic building up, as you can see. chicago, detroit, down towards the south. but in the northeast itself, very little air traffic. virtually none. and for one good reason. new york, kennedy, laguardia and newark, they are closed. the runways, as you know, flooded overnight. you can fly, you just don't want to be landin
tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >>> welcome back, everybody. you're watching continuing coverage of the aftermath of superstorm sandy. massive damage here in new york, we're going to talk more about...